Coco & Kiki explain the GAIA ECONOMY (comic)

[Lokun]

mikelovell

This is flawed logic because the argument doesn't take into account the fact that Gaia needs cash revenue to continue to exist. People "forced" to buy Gcash is a "bad thing?" I don't think so. A lot of people will refuse to support the site financially if they can have all the "stuff" without contributing. So, Gaia offers incentives to cash supporters...

It really doesn't work like a real world economy at all, so you can't compare it to one. All this thread does is reinforce flawed beliefs. If everyone who is able to contribute would do so without these incentives, that would be a game changer, but I can't see that ever happening.

Gaia do need Gaia Cash. I've never considered Gaia Cash a bad thing, I use it myself and I'm happy to support the site that way. 3nodding

However, what I'm trying to say with this comic is that when gold is worth less, the only currency that is gonna be worth anything is Gaia Cash. It isn't nearly as inflated as the Gold has become. If you want the latest Chance Item, you may have to buy it with cash directly from La Victoire instead of the Market Place, because it's basically impossible for a regular user to get enough gold for it... A lot of kids around here might have a hard time convincing their parents to buy virtual items for real money. neutral

I did check the site's history back in the day when I drew that comic, and the main reason to the hyperinflation seemed to come from Flynn's booty. Which paid out ridiculus amounts of gold to a lot of users. And then came the gold generators, items that literally paid you gold if your bought them for Gaia Cash. And a lot of people got rich really fast.

So Gaia Cash was not the culprit in the inflation. It did contribute, but not enough to be considered a problem. The Gold Generators was the real villain. Introduced by a new management of Gaia that was so obsessed with making profit that they didn't care to preserve the Gold currency for the users that were unable to buy Gaia Cash. Both the people responsible and the GGs are finally gone now. However, the whole site and the pay-out system has alredy adjusted to this kind of economy where 1 million Gold is considered pocket money. eek

I know I sounded optimistic in the end of that comic, but now, I honestly don't see how we can ever go back to a more managable economy. sweatdrop Lanzer suggested introducing a new currency, so we'll see how that will work out. It would be nice not having to count the digits five times to make sure you're not underprizing an item on the MP...

[TakenByTheWindx]

Thank you! heart

[evil kitty princess]

so i am not new i been around since before 2009 but have been out for a while..and yes i noticed the economy on here has changed so much since i was last on here..

what are gold generators? did i miss something? eek

please be kind and help me out xp

[Lokun]

evil kitty princess

so i am not new i been around since before 2009 but have been out for a while..and yes i noticed the economy on here has changed so much since i was last on here..

what are gold generators? did i miss something? eek

please be kind and help me out xp

Gold generators were basically items that, when you opened them, granted you a random amount of gold when you opened them. And it was always a HUGE amount of gold. We're talking millions, billions, and in some extreme cases, TRILLIONS of gold. eek

These were sold in the Cash-shop, so all you had to do was to get som GC and buy a gold generator and you become an instant billionair. As you can imagine, A LOT of people bought these, so we had A LOT of billionairs in a very short time. Hence why the prices on the MP sky-rocketed.

They did change them somewhat later on, like also granting items or Charms instead of just gold, and they started selling them in limited quantities. As of February 2017, Gaia has discontinued GGs and they will never be sold again. Unfortunately, Gaia has already adjusted to an economy where 1 million is considered pocket money, so the inflation is probably here to stay. sweatdrop Lanzer has spoken about introducing a new currency (Platinum, I think it will be called), so we'll see how that goes. 3nodding

[WilyKitKat001]

[egguy]

l Koops l

*slow clap* simply amazing

[Galad Aglaron]

is it just me or are all the comic panels now photobucket thingies

[Niwanaadoo]

Lokun

This is my very simplified attempt to explain what the economy of Gaiaonline currently looks like, and why the 5% tax increase of the Marketplace is a GOOD thing and not the end of the world (or your savings).

I hope this helps.

heart

EDIT: Thank you Lanzer

I found the picture remaining very helpful. any way to restore or re image ify lol the missing panels? would be super awesome sweatdrop heart heart heart

[Lokun]

KittenTee

Lokun

This is my very simplified attempt to explain what the economy of Gaiaonline currently looks like, and why the 5% tax increase of the Marketplace is a GOOD thing and not the end of the world (or your savings).

I hope this helps.

heart

EDIT: Thank you Lanzer

I found the picture remaining very helpful. any way to restore or re image ify lol the missing panels? would be super awesome sweatdrop heart heart heart

My goodness what a mess...! eek Photobucket demands that I pay for their 3rd party hosting, and I simply don't have the budget to pay a monthly fee for a site I never use just to keep hosting a couple of educational comic pages. sweatdrop SO, I had to reupload the images on imgur instead and swap all the links... Took my forever, but I do still like this comic and I'm happy to hear that you find it helpful. 3nodding

Thank you for notifying me about this problem. 4laugh

[Lokun]

Galad Aglaron

is it just me or are all the comic panels now photobucket thingies

Should be fixed now! 3nodding I had to reupload all images to imgur instead, since Photobucket refuses to keep hosting pictures anymore unless you pay them... sweatdrop

[Niwanaadoo]

Lokun

KittenTee

Lokun

This is my very simplified attempt to explain what the economy of Gaiaonline currently looks like, and why the 5% tax increase of the Marketplace is a GOOD thing and not the end of the world (or your savings).

I hope this helps.

heart

EDIT: Thank you Lanzer

I found the picture remaining very helpful. any way to restore or re image ify lol the missing panels? would be super awesome sweatdrop heart heart heart

My goodness what a mess...! eek Photobucket demands that I pay for their 3rd party hosting, and I simply don't have the budget to pay a monthly fee for a site I never use just to keep hosting a couple of educational comic pages. sweatdrop SO, I had to reupload the images on imgur instead and swap all the links... Took my forever, but I do still like this comic and I'm happy to hear that you find it helpful. 3nodding

Thank you for notifying me about this problem. 4laugh

Oh my eek burning_eyes thats unfortunate to hear about photobucket, I used to use that all the time when I was on gaia years ago.

Thank you so very very much though for reuploading the images through imgur heart heart i really appreciate it heart heart

[SquiddyBiddy]

So basically Gaia screwed up to the point where you HAVE to pay them to get gold......nice....I come back from a 7 year hiatus to find the economy in the sewers....It's too much like real life for me.